Friday, August 1, 2025
NewsWave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
No Result
View All Result
Login
NewsWave
No Result
View All Result
Home Business

Forced to Change: Tech Giants Bow to Global Onslaught of Rules

3 March 2024
in Business
0
Forced to Change: Tech Giants Bow to Global Onslaught of Rules
Share on FacebookShare on Twitter
How does this make you feel?


Over the years, tech giants like Apple, Amazon, Google, Microsoft, and Meta have operated with little regulation or restriction. As their influence, wealth, and global presence expanded, various regulatory actions, legislative measures, and legal challenges arose against them in multiple countries including Europe, the United States, China, India, Canada, South Korea, and Australia. Now, the long-awaited global shift towards reigning in these major tech companies has finally occurred.

These companies have been compelled to make changes to the technology they offer, affecting their devices and social media services, particularly noticeable to users in Europe. Additionally, they are making significant behind-the-scenes adjustments to their business practices, deal-making strategies, and data-sharing policies.

One clear example of change is seen at Apple. Previously, the company provided a unified App Store experience worldwide, but now they have different guidelines for developers in South Korea, the European Union, and the United States due to new regulations and court decisions. Apple also abandoned its proprietary iPhone charger design in compliance with an E.U. law, ensuring that future iPhones will come with a charger compatible with non-Apple devices.

These alterations mean that individuals’ technology experiences will increasingly vary based on their location. In Europe, young users of Instagram, TikTok, and Snapchat no longer receive personalized ads due to the Digital Services Act of 2022. Meanwhile, users in other regions continue to see such targeted advertisements on these platforms.

The tech industry is evolving towards a more mature state, resembling sectors like banking, automotive, and healthcare, where companies tailor their products and services to adhere to local laws and regulations. This shift signifies a significant transformation in how technology companies operate globally.



Source link

🪄 Creating a simple explanation...

Tags: BowChangeforcedgiantsglobalOnslaughtrulesTech
Previous Post

China’s economy of ‘great concern’ as annual political meeting to kick off

Next Post

With barricades, soldiers and new laws, Texas tries to deter illegal border crossings

Related Posts

Seacor (SMHI) Q2 Revenue Drops 13%
Business

Seacor (SMHI) Q2 Revenue Drops 13%

by My News Wave
31 July 2025
0

Seacor Marine (NYSE:SMHI) reported Q2 2025 results on July 30, revealing GAAP revenue of $60.8 million, missing expectations by 12.3%, while its GAAP loss per share of $(0.26) was slightly better than anticipated. The company's operating revenue declined by 13.0% year-over-year due to high repair expenses, although ongoing fleet modernization efforts showed some sequential improvements. Want More Context? 🔎

Read more
Why Did Micron Stock Drop Today?
Business

Why Did Micron Stock Drop Today?

by My News Wave
31 July 2025
0

Shares of Micron Technology (NASDAQ: MU) fell 5.2% on Thursday morning, primarily due to issues attributed to Samsung, rather than any specific actions by Micron itself. The decline highlights the interconnected nature of the semiconductor industry and how external factors can significantly impact stock performance. Want More Context? 🔎

Read more
Lenz (LENZ) Q2 Revenue Jumps 604%
Business

Lenz (LENZ) Q2 Revenue Jumps 604%

by My News Wave
31 July 2025
0

Lenz Therapeutics (NASDAQ:LENZ) reported second quarter 2025 results on July 30, revealing $5.0 million in GAAP revenue from licensing milestones, significantly surpassing analyst expectations. Despite a deeper net loss due to increased spending, the company made strides in its commercial plans ahead of an important FDA decision for its lead product, LNZ100, aimed at treating presbyopia. Want More Context? 🔎

Read more
Are XRP and Bitcoin's Dips Simply Normal Corrections or Signs of a Cooling Crypto Market?
Business

Are XRP and Bitcoin's Dips Simply Normal Corrections or Signs of a Cooling Crypto Market?

by My News Wave
31 July 2025
0

Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) have experienced significant pullbacks after a period of strong growth, with XRP dropping nearly 20% in one session and Bitcoin retreating after hitting a record high in July. Despite concerns that the summer rally might be over, these pullbacks are considered typical in a bull market, suggesting they are just temporary pauses rather than a sign of a trend reversal. Want More Context? 🔎

Read more
Wave (WVE) Q2 Revenue Drops 56%
Business

Wave (WVE) Q2 Revenue Drops 56%

by My News Wave
31 July 2025
0

Wave Life Sciences (NASDAQ:WVE) reported disappointing Q2 2025 earnings, with revenue of $8.7 million falling short of the $13.2 million forecast and a loss per share of $0.31 versus the anticipated $0.28. Despite a 55.8% year-over-year revenue decline and increased operating expenses, the company made progress in its RNA-based medicine pipeline using its proprietary PRISM platform. Want More Context? 🔎

Read more
Blackbaud (BLKB) Q2 EPS Jumps 12%
Business

Blackbaud (BLKB) Q2 EPS Jumps 12%

by My News Wave
30 July 2025
0

Blackbaud (NASDAQ:BLKB), a provider of cloud software for social impact organizations, reported strong Q2 2025 results with non-GAAP earnings per share of $1.21, surpassing expectations, and a 6.8% organic revenue growth to $281.4 million, despite a 2.1% year-over-year decline in reported revenue due to the sale of EVERFI. Management has raised its full-year guidance following record profitability metrics for the quarter. Want More Context? 🔎

Read more
NewsWave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Terrorist who ‘confessed to masterminding 7/7 attack could be freed within days’
  • The Traitors Prom, and WWE Unreal: What's coming up this week?
  • Nintendo’s Switch 2 doubles first-month sales of the original
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In